Rambus (NASDAQ:RMBS) Rating Increased to Strong-Buy at Baird R W

Rambus (NASDAQ:RMBS) was upgraded by investment analysts at Baird R W to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Loop Capital started coverage on shares of Rambus in a research report on Monday, November 11th. They issued a “buy” rating and a $70.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price objective on shares of Rambus in a report on Tuesday, October 29th. Robert W. Baird started coverage on Rambus in a report on Monday. They set an “outperform” rating and a $90.00 target price on the stock. Finally, Wells Fargo & Company began coverage on Rambus in a research note on Wednesday, November 6th. They set an “overweight” rating and a $62.00 price target for the company. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $74.67.

Rambus Price Performance

RMBS opened at $57.77 on Monday. The company has a market capitalization of $6.16 billion, a PE ratio of 35.88 and a beta of 1.17. The business has a 50-day moving average of $46.41 and a 200-day moving average of $50.32. Rambus has a fifty-two week low of $37.42 and a fifty-two week high of $76.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. World Investment Advisors LLC bought a new stake in Rambus during the 3rd quarter worth approximately $989,000. Sanctuary Advisors LLC increased its stake in Rambus by 30.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 5,288 shares of the semiconductor company’s stock valued at $223,000 after purchasing an additional 1,228 shares in the last quarter. Virtu Financial LLC bought a new position in Rambus in the 3rd quarter valued at about $407,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Rambus by 6.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 63,922 shares of the semiconductor company’s stock valued at $2,699,000 after buying an additional 3,775 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in Rambus by 15.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,285 shares of the semiconductor company’s stock worth $223,000 after acquiring an additional 722 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company’s stock.

About Rambus

Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.